Beirut-Lebanon, May 21th, 2019: In line with the spirit of the Holy Month of Ramadan and its values of solidarity and togetherness, Huawei Consumer Business Group (CBG) hosted its Annual Media Iftar dinner at Villa Linda Sursock. Attended by members of the press and key public figures, the gathering was an opportunity to celebrate Huawei’s latest achievements, the success of the recently launched P30 series and announce the new Huawei Y9 Prime 2019 with the revolutionary auto pop-up camera.
Commenting on this occasion, Mr. Jesse Lan, President of Huawei Levant, said: “This gathering has become an annual tradition that we are keen on organizing to share our blessings and express gratitude to the people who are important to us- you our partners. Lebanon is a key market for us in Levant Region and we are proud of what we have achieved so far. Our latest P30 series was a great success and the recently announced Huawei Y9 prime 2019 with its revolutionary auto pop-up camera confirms our commitment to consumers.”
Huawei announced its business results for the first quarter of 2019 as it generated CNY179.7 billion (approximately USD26.77billion) in revenue, an increase of 39% year-on-year. The company’s net profit margin in Q1 2019 was about 8%, slightly higher than the same period last year. [1]
According to IDC, ‘Huawei moved its way into a clear number two spot as the only smartphone vendor at the top of the market that saw volumes grow during Q1 of 2019 with year-over-year growth of 50.3% with volumes of 59.1 million units and a 19.0% market share’. [2]
The Latest Huawei flagship series, the P30 series has witnessed remarkable success with it ground-breaking photography features. The company had announced also a new addition to the Y series, The Huawei Y9 Prime 2019 with revolutionary auto Pop-camera, and its border-free display, offering a futuristic feel and whole immersive viewing experience.
About Huawei Consumer Business Group (CBG)
Huawei Consumer Business Group (CBG) is one of Huawei’s three business groups, providing a range of products including mobile phones, wearables, tablets and laptops. Huawei’s products and services are available in more than 170 countries, and are used by a third of the world’s population, ranking second in the world in mobile phone shipments in 2018 according to IDC.
Year on year growth was reflected in Huawei’s rise as a globally recognized premium brand. In 2018, Huawei was named number 48 on BrandZ’s Top 100 Most Valuable Global Brands and number 79 in Forbes World’s Most Valuable Brands. Huawei spent US$13.23 billion on R&D in 2017, accounting for 14.9 percent of its total revenue. According to IPSOS, Huawei’s global brand awareness increased from 81% in 2016 to 86% in 2017. Its overseas brand consideration increased from 37% in 2016 to 44% in 2017. According to EU Industrial R&D Investment Scoreboard (2017): Huawei’s R&D investment ranked No.6.
As a leading technology company, Huawei invests a significant amount of its annual sales revenue to research and development efforts, and has established 14 research centers around the world. Among these facilities is the Huawei Aesthetics Research Center in Paris. Huawei’s newest R&D center is the Max Berek Innovation Lab in Wetzler, Germany, where Huawei and Leica are jointly researching technologies to improve mobile device camera and image quality.